Frozen Tilapia Fillets Price in Sri Lanka - 2022
Contents:
- Frozen Tilapia Fillets Price in Sri Lanka (CIF) - 2022
- Frozen Tilapia Fillets Price in Sri Lanka (FOB) - 2022
- Frozen Tilapia Fillets Imports in Sri Lanka
- Frozen Tilapia Fillets Exports in Sri Lanka
Frozen Tilapia Fillets Price in Sri Lanka (CIF) - 2022
In 2022, the average frozen tilapia fillets import price amounted to $3,024 per ton, standing approx. at the previous year. Over the period under review, the import price showed a pronounced setback. The pace of growth was the most pronounced in 2019 when the average import price increased by 21% against the previous year. Over the period under review, average import prices hit record highs at $4,201 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Malaysia.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +10.1% per year.
Frozen Tilapia Fillets Price in Sri Lanka (FOB) - 2022
The average frozen tilapia fillets export price stood at $8,855 per ton in 2022, rising by 7.5% against the previous year. In general, the export price showed strong growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 30% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Maldives.
From 2012 to 2022, the rate of growth in terms of prices for Maldives amounted to +13.5% per year.
Frozen Tilapia Fillets Imports in Sri Lanka
For the fourth consecutive year, Sri Lanka recorded growth in supplies from abroad of frozen tilapia fillets, which increased by 20% to 45 tons in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.8% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, frozen tilapia fillets imports surged to $136K in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.8% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Frozen Tilapia Fillets in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 1.0 | 94.3 | 113 | 136 | 414.3% |
| China | 38.8 | N/A | N/A | N/A | 0% |
| Others | 38.8 | N/A | N/A | N/A | 0% |
| Total | 78.6 | 94.3 | 113 | 136 | 20.1% |
Top Suppliers of Frozen Tilapia Fillets to Sri Lanka in 2022:
- Malaysia (44.9 tons)
Frozen Tilapia Fillets Exports in Sri Lanka
In 2022, shipments abroad of frozen tilapia fillets decreased by -49.6% to 69 kg, falling for the second consecutive year after two years of growth. In general, exports faced a sharp slump. The pace of growth appeared the most rapid in 2020 when exports increased by 139% against the previous year. As a result, the exports reached the peak of 328 kg. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, frozen tilapia fillets exports fell dramatically to $611 in 2022. Overall, exports showed a noticeable downturn. The most prominent rate of growth was recorded in 2020 with an increase of 205% against the previous year. As a result, the exports reached the peak of $2.1K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Frozen Tilapia Fillets in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | 0.7 | 2.1 | 1.1 | 0.6 | -5.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.7 | 2.1 | 1.1 | 0.6 | -5.0% |
Top Export Markets for Frozen Tilapia Fillets from Sri Lanka in 2022:
- Maldives (69.0 kg)
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